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20130106
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
FOX Business
Jan 5, 2013 11:00pm EST
the debt ceiling. democrats won permission to spend more money in march. congress has the constitutional authority to set our debt ceiling and has agreed to raise it. watch for a big fight as republicans try to institute some sort of fiscal sense that democrats resist. the big events, but there is another one that happened today that congress did not pass a resolution to recognize that happened. you probably already know about it. the payroll tax has expired, and if you et your first paycheck today says the fiscal cliff, well, watch out. you may be shocked by then nearly 50% increase in the tax. the social security withholding tax reset. for middle-class american families earning $50,000, that means at least in $800,000 tax hike, maybe as much as a thousanducks. if tis is the firs shot of about, it's not going over too well. here's what people are saying on twitter. if you're asking why my pacheck is less this week, is because you got what you asked for. on it. why is my pacheck bless thi we? because obama loves to penalize the makers and redistribute to the takers. it get
CNN
Jan 6, 2013 12:00pm PST
, sequester, debt ceiling and timing. we would conclude all of us, republican, democrats, we would all conclude that we have a messy, if not broken economic governance system. and the major casualty of that is economic growth. and ironically, economic growth is what is needed to help those that the democrats favors and those that the republicans favor. so it's very frustrating. the more the political brinksmanship and posturing go on, the greater we undermine the potential of this country to grow. and it has huge potential, ali. >> that's potential growth. some of it comes if the whole tax discussion. taxes for the rich got the rls in the debate. it's not only the rich who are actually going to pay more in 2013. christine romans, host of your bottom line joins me with more. lots of taxes are going up despite the deal that we got. >> taxes are rising for the superrich for the first time in 20 years, they'll have a lot of company, 77% of americans will pay higher taxes next year in 2013. according to the tax policy center. even those making less than $10,000 a year will pay $68 more in f
CNN
Jan 6, 2013 6:00am PST
the debt ceiling and raising objections over former republican senator chuck hagel. the president's expected choice for defense secretary. our conversation with senators dick durbin and lindsey graham. then, learning the ropes with two freshmen, democratic senator democrat heidi heitkamp and republican senator richard hudson and plus can either party compromise and keep hard core supporters on board, neera tannen, stephen moore of the "wall street journal" and jackie calmes of the "new york times" and our own dana bash. you knows what happens when sis fuss rolls that boulder to the top of the hill, it rolls back down, a piece of greek mythology that brings to us the reality of the u.s. congress. it got a deal that raises taxes on the upper brackets and prevents for now huge spending cuts. it's moved on to the issue of avoiding a u.s. default. >> the president needs to show up early this time. >> republicans say they are done raising taxes. they want the president to agree to spending cuts in exchange for raising the amount of money the u.s. treasury is allowed to borrow. the president wants the debt ceiling raised without debate. but be serious, this is washington. >> any future budget agreements must balance the need for thoughtful spending re
CNN
Jan 6, 2013 2:00pm PST
is the time talk about cutting spending. we are not going to raise this debt ceiling without a one-to-one corresponding spending cut. the number two democrat in the senate said i will talk about anything, but i don't want to do this last-minute stuff. republicans are saying we are done with tax hikes, that was done in the fiscal cliff deal. we are not doing any more tax hikes. senator durbin says there are more tax hikes probably looning out there for the wealthy. this may sound very familiar 'cause it's pretty much the same argument they have been having around other fiscal issues for two years. >> right. but it could be a more fervent one. we will see. >> yes. yes. >> kansi crowley, as always, a weather. >> thanks, martin. >>> the president is also expected to fail couple other key cabinet posts. already said that senator john kerry is his pick to replace hillary clinton when she steps down as secretary of state kerry has support among republicans and he should, underline should, have a relatively easy ride through its confirmation process. white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim gu
FOX News
Jan 6, 2013 1:00pm PST
debt ceiling to paying for uncle sam to stay open, the battle lines are drawn. how will that fight play out? we'll ask two key congress american. democrat chris van hollen and republican jim jordan. >> a new republican voice challenges the grand old party to find a different vision. a new man in town with a message that champions opportunity. will the party establishment listen? we'll get a fresh perspective from senator ted cruz. from spending to immigration to the new gun control debate will the new congress be able to get past toxic party sanship to get things done for voters? we will ask our sunday panel to read the political tea leaves all right now on "fox news sunday." and hello again from fox news in washington. after side stepping the fiscal cliff the country now faces an economic triple threat of even greater scale. at stake, automatic spending cuts, government funding and the full faith and credit of the united states. with bruises still fresh from the last dustup, early jabs already flying. joining me to talk about this are two influencial members of congress. welcome to you both. we were talking before the program started mitch m
CNN
Jan 6, 2013 1:00pm PST
can believe they can do that through the debt ceiling. as we said that is a problematic lever. in an odd way, something very rare happened with this fiscal cliff deal t reduced the leverage of either side, the republicans or the democrats to move forward, i think, on the side of the debt crisis irk debt challenge that they think is necessary. >> yeah, i agree. ron brownstein, as always, we appreciate the insight. thanks. >> thank you. >>> well, when north dame tykes the field for tomorrow's bcs national championship, there will be one very famous former player in the crowd. i got a chance to talk with the man who inspired the movie, "rudy." officemax can help you drive supply costs... down... ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. >>> danny "rudy" rudiger became a household name after the the 1993 movie "rudy," tells the story of a working-class kid's struggle to get into notre dame and to make history. i spoke to him about tomorrow's championship between notre dame and alabama and his recent encounter with a very special family. take a look. rudy, north dame hasn't played for a college football champi
FOX News
Jan 6, 2013 9:00am PST
versus spending. but will those differences come up again in the debt ceiling debate? we have jeff duncan, a republican from south carolina, and representative elliot engle, a democrat from new york. gentlemen, thank you for joining us. representative duncan, you voted against the fiscal cliff deal. tell us why? >> absolutely. we are not in this situation in america with our economy and our government because we have under-taxed americans. we are here because we spend too much money. this plan had over $40 of tax revenue increases for every dollar that was cult. it should be $44 for cuts fur every dollar increased. >> you voted for the deal, wiam sure, reservations, as many have excess expressed? >> you either accept the deal or go over the fiscal cliff. and going over the fiscal cliff is not something this country needs. the repercussions would have been horr endous and the stock market would be plummeted. we were caught between a scprok a hard place. so i voted for t. now we have two more months until we get to the same type of fiscal cliff again. the grand plan so we wouldn't have the two-month intervals and we could have a couple of years where the country knows wher
FOX News
Jan 5, 2013 11:00pm PST
taxes but did they give republic upper hand on the next fiscal fight. gearing up for the debt ceiling battle. >> and balanced plan that would cut spending in a responsible way. it always asks the wealthiest americans to pay a little more. and above all, protects our middle class and everyone striving to get into the middle class. >> he promise add fair chance for the milling class, but under the new deal middle class workers will take a bigger percentage hit on their paycheck. charlie gasparino on the impact the fiscal cliff deal will have on every american. >>> plus, he was 11 years old and hungry when he asked her for money on the street. she didn't give him money but something much more valuable that has lasted more than 25 years. ladies and gentlemen, governor mike huckabee. [applause] >> thank you very much. a great audience for this new year. and happy new year to you. welcome to huckabee from the fox news studios in new york city. well, it is hard for me to come up with a proper superlative to express the disgust i got with president obama and the congress. the gamesmanship and
FOX
Jan 5, 2013 10:00pm EST
threatened not to raise the debt ceiling, one creditor dropped the nation's credit rating. the international monetary fund warns that another fight like that will affect the world economy. >>> it will soon be legal for some people to smoke pot in dc. the first medical marijuana clinics will open soon, and it's been a long time coming. medical marijuana was given a thumbs-up by district voters 15 years ago. now, it's about to become a reality, only if you live in the district and if you have a doctor's order. fox 5's bob barnard has the details. >> reporter: occupying that distinguished-looking bright blue storefront on north capital street just off new york avenue is a company called capital city care, getting ready to open its doors in a matter of weeks. what should be the first of four businesses in the city to begin legally selling marijuana. >> some of them will be open by early spring and the rest of them will be opening throughout the rest of the year, at which point qualified patients who have a doctor's recommendation will be able to purchase marijuana from these stores and take it d
CSPAN
Jan 6, 2013 7:00am EST
having to use the only bargaining chip that they have, which is the debt ceiling. maybe if there was more compromise between the democrats, mitch mcconnell talking about a one-term president and all that kind of stuff, but if they could work together, you would not see the republicans try to take these kinds of drastic measures. host: thank you for the call from california. guest: i have great affection for my friend here, jim manley, and he has great affection for harry reid, but i think harry reid has been a disaster as a leader. there is not -- they do not allow for real debate on the big issues. the fact that they have not passed a budget in three years in the senate is one of the most irresponsible acts. we need a budget more than ever. we need to have a sense of where the spending is going. we need a debate on the senate floor about this. we just have not had it because the senate majority leader is doing his best to shield his numbers front of votes. that is why he "builds the trees" before senator mcconnell has any chance to build any real debate on things. i think that mcconnell and reid, both of them have to get toget
FOX News
Jan 5, 2013 4:00pm PST
republic upper hand on the next fiscal fight. gearing up for the debt ceiling battle. >> and balanced plan that would cut spending in a responsible way. it always asks the wealthiest americans to pay a little more. and above all, protects our middle class and everyone striving to get into the middle class. >> he promise add fair chance for the milling class, but under the new deal middle class workers will take a bigger percentage hit on their paycheck. charlie gasparino on the impact the fiscal cliff deal will have on every american. >>> plus, he was 11 years old and hungry when he asked her for money on the street. she didn't give him money but something much more valuable that has lasted more than 25 years. ladies and gentlemen, governor mike huckabee. [applause] >> thank you very much. a great audience for this new year. and happy new year to you. welcome to huckabee from the fox news studios in new york city. well, it is hard for me to come up with a proper superlative to express the disgust i got with president obama and the congress. the gamesmanship and stagecraft that they su
ABC
Jan 6, 2013 8:00am PST
sequester, the debt ceiling and the continuing resolution to operate the government. why not sit down and not wait until the last minute to get these matters resolved? look, the biggest problem confronting the country is not taxes, it's spending. we don't have this problem because we tax too little. we have it because we spend too much. we now have a $16.4 trillion national debt, as big as our economy. that alone makes us look a lot like greece. this administration has driven spending from 21% of our economy up to almost 25% of our economy. we've got to stop using the credit card, and any opportunity we have to engage the other side in a discussion about quitting the spending spree, we're going to engage in. >> and the question is, how do you follow through on your strategy, and, you know, a lot of your allies are worried about that prospect. "the wall street journal" editorial page said "the political result would be far worse if republicans start this fight only to cave in the end. you can't take a hostage you aren't prepared to shoot. do the two gop leaders have a better strategy today
MSNBC
Jan 6, 2013 11:00am PST
yesterday, in which he said once you have spent it, have you an obligation to the debt ceiling, say terrific, we agree with you. and we're not going to spend it. >> let me go back to the senator for a second. as an independent voice, you said you'd caucus with the democrats, but as an independent in the senate, how do you think you can have a real impact on these debates and on the strategy and on the politics? >> well, in the first couple of weeks that i -- after i was elected, before even being sworn in, i came down here and had a series of meetings with a variety of senators. i met with 30 different senators. i think it was 11 republicans and 19 democrats. and what i found was my peculiar status as an independent, i could have frank discussions with both sides without being viewed as a member of the enemy camp. and we talked, for example, a lot of the filibuster. i heard from both sides about that. and i feel i came up with a view that was more balanced than it might have otherwise been. i hope i can play that role. and that's certainly the role i hope to play. i'm going to be on the rules committee, for example, to talk about things like campaign finance reform. this budget thing, the reason it's not being resolved is the hard part is left to do. there's
CSPAN
Jan 6, 2013 10:30am EST
the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i know about politics i learned in the pool room. my sister was 13. we had my uncle take over the businesses. he left the textile industry to run the businesses. we moved in with my aunt and uncle. they never made over $25,000, $30,000 in their entire life. if it weren't for social security survivor benefits for me and my sister, we would have had a hard time majo
Search Results 0 to 16 of about 17 (some duplicates have been removed)